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Ithaca Energy Now One of the Largest UK Oil and Gas Producers – Goldman Sachs

Independent oil and gas exploration and production company Ithaca Energy (LON: ITH) has solidified its position as one of the largest UK producers following its recent acquisition of ENI UK, according to Goldman Sachs.

Sam Boughedda
Lloyds Beats Profit Forecasts, Shares Moving Towards Retest of Highs

Lloyds Banking Group shares (LON:LLOY) are trading green this morning, up 1.26%, with the UK's largest mortgage lender, has reported a third-quarter profit that surpas

Asktraders News Team
Genuine Parts Stock Price (GPC) Hit’s Multi Year Low, JP Morgan Remain Bullish

Genuine Parts' stock price (NYSE: GPC) hit a multi-year low in trading on the back of disappointing earnings, and downward revisions from analysts. The stock saw a huge drop on the day, losing 20.97% and closing out at $113.1

Asktraders News Team
Reckitt Benckiser Shares Jump as Sales Top Expectations

Reckitt Benckiser (LON: RKT) shares jumped more than 3% on Wednesday after the company reported better-than-expected sales for the third quarter of 2024. [stock_market_widget

Sam Boughedda
RTX Delivers Another Strong Quarter, Hitting ATHs. What Caused The Stock Reaction?

RTX Corporation (NYSE: RTX) reported a solid beat on both EPS and revenue, yet the stock sold off during the early part of the day, following a new all-time-high being hit on the open. Having hit $128.70 in the first minutes

Asktraders News Team
KBR Stock Price Hits New ATH Into Earnings As Analyst Upgrades Target

KBR's stock price (NYSE:KBR) hit new 52 week, and all-time-highs in the lead in to earnings today, with an upside analyst revision further boosting bullish sentiment. Citi

Asktraders News Team
A Take On US/China SemiConductor Trade

Having shed almost 35% in stock price over the past 3 months from recent highs, ASML are well positioned to understand the nuances of the semiconductor industry more than most. Whilst some of it's industry peers have been rep

Asktraders News Team
GE Aerospace Beats Estimates, Markets Pull Stock Back

GE Aerospace, the aviation division of General Electric Company (NYSE: GE), has released its financial results for the third quarter ending September 30, 2024. The report highlighted a 6% increase in sales on a reported basis

Asktraders News Team
Hexcel’s Price Target Get’s Range Of Adjustments

Truist Financial has adjusted its price objective for Hexcel Corporation (NYSE: HXL), the advanced composites company, from the former $78.00 down to $76.00. Despite the l

Asktraders News Team
Flip The Script – Meta To Use Technology For User Protection After Earlier Controversy

In an effort to curb the spread of "celeb-bait" advertisements, Meta Platforms Inc (NASDAQ:META). is turning to facial recognition t

Asktraders News Team
FTSE 100 Dips; UK Government’s Borrowing Soars

The FTSE 100 index experienced a dip early on, trading 0.7% lower to follow the lead set by Asian markets this morning, as government borrowing in the UK for September showed a substantial increase, up £2.1 billion from the p

Asktraders News Team
Samsung Shares Face New Lows, KOSPI Weighed Down

Samsung Electronics' share price fell to new multi year lows today, hitting a mark of 57,700 not seen in two years. The weight of Samsung helped pull the South Korean

Asktraders News Team
SAP Shares Lead The DAX as Cloud Business Lifts Earnings Outlook

SAP SE shares (ETR: SAP) are trading up 3.8% this morning as the German multinational software corporation presented a more optimistic full-year outlook in recent results. This surge was attributed to the robust performance o

Asktraders News Team
APAC Indices Mixed as Wall Street Rally Pauses – Roundup

In a turn of events that sets a cautionary mood for investors, stock markets in the APAC region witnessed a mixed Tuesday, with marginal gains in China and Hong Kong set off against larger declines elsewhere. This shift in m

Asktraders News Team
IAG Shares: FCF and Buybacks ‘to Drive the Next Leg’

International Airlines Group (LON: IAG) shares are poised for further growth, according to a note from Goldman Sachs this week. [stock_market_widget type="chart" template="lin

Sam Boughedda
GSK Share Price Trading Near 2024 Lows Leading Into Q3 Financials

UBS has revised its earnings per share (EPS) predictions for pharmaceutical giant GSK PLC, slicing estimates by 5% for the fiscal years 2024 and 2025. With GSK due to report it's latest financials next week (Weds 30th), we wi

Asktraders News Team
Mulberry Labels Latest Frasers Proposal as ‘Untenable’

Mulberry Group (LON: MUL) firmly rejected a takeover bid from Frasers Group (LON: FRAS) on Tuesday, labelling the proposed offer as "untenable." [stock_market_widget type="cha

Sam Boughedda
Vesuvius Share Price (LON: VSVS) Hit’s New 52 Week Low, As JP Morgan Trims Target

Shares of Vesuvius PLC (LON: VSVS) had a day of up's and down's to begin the week, with a gap up first thing fading as the day progressed, leaving the stock back where it started, 52 week lows. Vesuvius' share price has endur

Asktraders News Team
Is UK Infrastructure Set to Get Borrowing Boost?

As the UK braces for the upcoming budget announcement, there's a prevailing sense among government bond investors that Chancellor Rachel Reeves might opt for a sizable increase in borrowing, provided the funds are earmarked f

Asktraders News Team
Cerillion Shares (LON: CER) Gain as Outlook & Price Target Raised

Analysts at Canaccord Genuity have revised their target price on shares of software firm Cerillion, upping the figure from 1675p to 2000p on Monday following the group's strong performance outlook for FY24. This uptick repres

Asktraders News Team
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